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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: donald sew who wrote (11998)7/18/2001 3:01:30 PM
From: TechTrader42  Read Replies (2) of 52237
 
It just occurred to me, Donald, that maybe this is the summer rally. Everyone predicting a summer rally was absolutely correct. This is the reprieve, right here. Think of all the advancing issues today, such as IP. The emphasis should be on stressing the positive -- the advancing issues -- and then we won't miss the "rally" now in progress. We needn't be distracted by those meaningless (and depressing) indexes.

I wonder what will happen after this spectacular summer rally.

But seriously, my complacency indexes are going to be in oversold territory after the close, for the S&P and Naz, I reckon. I think the new moon (July 20) scenario might turn out to be true, with a reversal by the end of the week. I'll send the CI numbers this evening.

And note the gap that QQQ just filled, from 7/11-7/12. Will it bounce after filling the gap?
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